US-Iran Peace Deal Nears As Draft Ceasefire Agreement Awaits Donald’s Trump Approval

Negotiators from the United States and Iran have reached an agreement on a draft memorandum of understanding (MoU) to extend their current ceasefire and lay the groundwork for a broader peace deal. According to U.S. officials, the implementation of the 60-day temporary agreement hinges entirely on final approval from U.S. President Donald Trump.

President Donald Trump (AP Photo/Mark Schiefelbein)

Negotiators from the United States and Iran have reached an agreement on a draft memorandum of understanding (MoU) to extend their current ceasefire and lay the groundwork for a broader peace deal. According to U.S. officials, the implementation of the 60-day temporary agreement hinges entirely on final approval from U.S. President Donald Trump.

Terms of the Agreement

The newly drafted 60-day MoU seeks to solidify a temporary halt to hostilities and jumpstart negotiations aimed at resolving long-standing conflicts, primarily surrounding Iran’s nuclear program. Under the proposed terms, Iran would formally commit to not pursuing nuclear weapons.

The initial phase of the 60-day window would focus heavily on addressing Iran's enrichment activities and determining how to safely dispose of the country's highly enriched uranium. Donald Trump Insists Iran ‘Negotiating on Fumes’ As US President Looks for Deal To Settle Conflict and Reopen Strait of Hormuz.

In return, the United States would commit to discussing phased sanctions relief and the potential release of frozen Iranian funds. The memorandum also outlines the creation of a humanitarian mechanism designed to facilitate the flow of essential goods and aid into Iran.

Shipping Restored in the Strait of Hormuz

A critical component of the draft agreement addresses the ongoing maritime crisis in the region. The MoU mandates that shipping through the strategically vital Strait of Hormuz be "unrestricted," effectively barring any tolls or harassment of commercial vessels.

According to U.S. officials, the terms require Iran to remove all naval mines from the strait within 30 days. This provision follows recent statements from President Trump emphasizing that the key trade route must remain accessible to all nations and free from single-country control.

Diplomatic Hurdles and Regional Tension

Despite the breakthroughs at the negotiating table, substantial friction remains. The draft comes amid conflicting public messaging and continued military engagement. Just hours before reports of the agreement surfaced, U.S. and alliance forces intercepted multiple one-way attack drones and a ballistic missile launched by Iranian forces, highlighting the fragility of the active ceasefire.

Political skepticism also persists on both sides. President Trump previously accused Tehran of attempting to stall negotiations to gain leverage ahead of the upcoming U.S. midterm elections. Meanwhile, advisors to Iranian leadership have publicly pushed back against what they characterize as excessive American demands over their domestic nuclear program.

Context of the Conflict

The draft agreement follows roughly three months of intense regional conflict and several rounds of back-and-forth diplomacy that began in 2025. Tensions escalated into open warfare earlier this year following significant military strikes by the U.S. and Israel targeting Iranian infrastructure.

A temporary ceasefire enacted in April opened the door for direct and indirect talks, leading to the current 60-day compromise proposal. If approved by President Trump, the MoU will mark the most significant diplomatic step toward de-escalation between Washington and Tehran in recent years.

(The above story first appeared on LatestLY on May 28, 2026 09:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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